Exercise 15-05 Ayayai Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $115,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $172 each and market price of the preferred is $215 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $200 per share. (Round answers to 0 decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. "No Entry" for the account titles and enter o for the amounts.) Debit Credit No. Account Titles and Explanation (a) Cash 115000 Paid-in Capital in Excess o Common Stock Paid-in Capital in Excess o Preferred Stock (b) Cash Paid-in Capital in Excess o Common Stock Paid-in Capital in Excess o Preferred Stock